{"id":59366,"date":"2024-04-01T06:00:33","date_gmt":"2024-04-01T10:00:33","guid":{"rendered":"https:\/\/www.ino.com\/blog\/?p=59366"},"modified":"2024-04-02T13:24:05","modified_gmt":"2024-04-02T17:24:05","slug":"rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/","title":{"rendered":"Rivian (RIVN) vs. Tesla (TSLA): Can the EV Underdog Match the Giant's Success Story?"},"content":{"rendered":"<p><a href=\"https:\/\/quotes.ino.com\/search\/?s=NASDAQ_TSLA\"><span style=\"font-weight: 400;\">Tesla, Inc. (TSLA)<\/span><\/a><span style=\"font-weight: 400;\"> accomplished what many believed to be an impossible feat by establishing itself as a prominent electric vehicle (EV) manufacturer entirely from scratch. This achievement positioned Tesla to challenge and compete with major players in the automotive industry.<\/span><\/p>\n<p><a href=\"https:\/\/quotes.ino.com\/charting\/?s=NASDAQ_RIVN\"><span style=\"font-weight: 400;\">Rivian Automotive, Inc. (RIVN)<\/span><\/a><span style=\"font-weight: 400;\"> shares similar aspirations, aspiring to emulate TSLA\u2019s success. However, investors eagerly anticipating Rivian\u2019s potential to replicate Tesla\u2019s trajectory must closely monitor whether Rivian can address significant challenges in 2024.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Establishing an automobile manufacturing company is particularly challenging due to its capital-intensive nature. This endeavor involves building extensive manufacturing facilities, procuring expensive materials, hiring a substantial workforce, and investing significant time in coordination.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, navigating regulatory requirements, especially concerning vehicle safety, adds another layer of complexity, as obtaining approvals for road-ready automobiles necessitates stringent compliance measures. Thus, the process of building an automobile manufacturer is not only laborious but also requires substantial financial resources and regulatory adherence.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It took TSLA several years before it could generate consistent profits, <\/span><a href=\"https:\/\/www.statista.com\/statistics\/272130\/net-loss-of-tesla\/#a__text_2020_20was_20the_20first_20time_and_20development_20_R_26D__20expenses_\"><span style=\"font-weight: 400;\">a milestone the company reached in 2020<\/span><\/a><span style=\"font-weight: 400;\">. Starting in 2014, Tesla experienced a notable increase in net losses, accompanied by a rise in research and development (R&amp;D) expenses. The electric carmaker, founded in 2003, finally posted its first full year of net income of $721 million in 2020, in contrast to prior losses.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, during this period, Tesla didn\u2019t face significant competition in the EV market, making it the primary choice for consumers interested in EVs. This relatively unchallenged position allowed Tesla to focus on building its brand and technology without immediate pressure from its dominant peers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In contrast, RIVN faces a more daunting challenge as it strives to achieve profitability in a market with more players and a competitive landscape different from TSLA\u2019s early years. This means that Rivan\u2019s journey to success is not only challenging and costly but also happening in a market environment that demands strategic adaptation and innovation.<\/span><\/p>\n<p><b>Is Rivian on the Path to Becoming the Next Tesla?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">RIVN has made significant strides toward establishing itself as a major player in the EV industry, boasting infrastructure capable of supporting its planned 2024 production target of approximately 57,000 vehicles. For the full year 2023, the company <\/span><a href=\"https:\/\/finance.yahoo.com\/news\/rivian-releases-q4-2023-full-133500049.html\"><span style=\"font-weight: 400;\">produced 57,232 vehicles<\/span><\/a><span style=\"font-weight: 400;\"> and delivered 50,122, surpassing the management\u2019s 2023 production guidance of 54,000 vehicles.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As Rivian\u2019s production and manufacturing progress improved throughout the last year, it showcased its capacity as a legitimate automaker. Moreover, on March 7, 2024, the auto company <\/span><a href=\"https:\/\/finance.yahoo.com\/news\/rivian-introduces-r2-r3-r3x-184000926.html\"><span style=\"font-weight: 400;\">introduced R2, R3, and R3X product lines<\/span><\/a><span style=\"font-weight: 400;\"> built on its new midsize platform.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The launch of new products, including R2 and R3, designed to embody the company\u2019s performance, capability, usability, and affordability, can bring it an expanded market reach, drive higher sales volumes, and offer a competitive edge. Rivian\u2019s design and engineering teams are highly focused on innovating not just the product features but also its approach to manufacturing to achieve substantially reduced costs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite this, Rivian still lags far behind Tesla in a critical investor metric: profitability. Rivian is far from achieving profitability, with its losses significantly exceeding those incurred by Tesla during its initial stages of developing its EV business.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2023, while generating substantial revenue of $4.40 billion, Rivian incurred a staggering cost of sales totaling $6.40 billion. This means that Rivian incurred losses for every EV it sold, highlighting an unsustainable business model that requires addressing for long-term viability.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The company reported a net loss of $1.52 billion for the fourth quarter that ended December 31, 2023. The last quarter of 2023 reflected a greater discrepancy between production and deliveries compared to previous quarters and recorded a 10% fall in deliveries.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, the company has been burning through cash to ramp up production of its product lines. As of December 31, 2023, RIVN\u2019s cash and cash equivalents stood at $7.86 billion, compared to $11.57 billion as of December 31, 2022. Its cash burn comes at a time when demand for EVs has slowed, with Tesla CEO Elon Musk warning that high interest rates are making cars unaffordable.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe firmly believe in the full electrification of the automotive industry, but recognize in the short-term, the challenging macro-economic condition,\u201d <\/span><a href=\"https:\/\/rivian.com\/newsroom\/article\/rivian-releases-fourth-quarter-full-year-2023-financial-results\"><span style=\"font-weight: 400;\">said<\/span><\/a><span style=\"font-weight: 400;\"> RJ Scaringe, Founder and CEO of Rivian.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Elon Musk further made remarks about RIVN\u2019s product design, acknowledging its merit but emphasizing the company\u2019s challenge of scaling up production while maintaining positive cash flow. He pointed out that his rival <\/span><a href=\"https:\/\/fortune.com\/2024\/02\/22\/elon-musk-tesla-evs-rival-rivian-will-die-without-massive-cost-cuts\/\"><span style=\"font-weight: 400;\">could face the risk of bankruptcy within six quarters<\/span><\/a><span style=\"font-weight: 400;\"> unless significant cost reductions are implemented.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Musk emphasized the urgent need for massive cost-cutting measures to ensure the RIVN\u2019s survival in the competitive automotive market.<\/span><\/p>\n<p><b>Challenges Lie Ahead for Rivian in 2024<\/b><\/p>\n<p><span style=\"font-weight: 400;\">RIVN\u2019s outlook for 2024 is influenced by economic and geopolitical uncertainties, particularly the impact of exceptionally high-interest rates. The company plans to maintain its production target at 57,000 vehicles, consistent with 2023 levels. For the full year, Rivian anticipates significant capital expenditures of $1.75 billion and an adjusted EBITDA loss of $2.70 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Amid mounting losses and an increasingly competitive EV market, RIVN announced in February that it would <\/span><a href=\"https:\/\/edition.cnn.com\/2024\/02\/21\/cars\/rivian-laying-off-10-of-its-workforce\/index.html?cid=external-feeds_iluminar_yahoo\"><span style=\"font-weight: 400;\">lay off 10% of its salaried workers<\/span><\/a><span style=\"font-weight: 400;\">. Previously, on two different occasions, the EV maker <\/span><a href=\"https:\/\/www.cnn.com\/2022\/07\/27\/business\/rivian-layoffs\/index.html\"><span style=\"font-weight: 400;\">laid off about 6% of its workforce<\/span><\/a><span style=\"font-weight: 400;\"> in an effort to reduce its losses.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cOur business is facing a challenging macroeconomic environment \u2014 including historically high interest rates and geopolitical uncertainty \u2014 and we need to make purposeful changes now to ensure our promising future,\u201d chief executive RJ Scaringe wrote in an email to employees.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Rivian\u2019s cash burn is one of the primary challenges for the company. Its cash burn is unsustainable as it expands R2 and R3 capacity, prompting management to announce a reduction in capital expenditures, specifically in Georgia. Last month, Rivian announced that it would be <\/span><a href=\"https:\/\/apnews.com\/article\/rivian-ev-georgia-plant-paused-97d89bd751961aad4a75b42ce7c051d7\"><span style=\"font-weight: 400;\">pausing the construction of its $5 billion manufacturing plant<\/span><\/a><span style=\"font-weight: 400;\"> in Georgia to cut down costs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CEO RJ Scaringe said that production of the R2 will begin at RIVN\u2019s existing plant in Normal, Illinois. While presented as a cost-saving initiative, the decision raises concerns regarding the company's ability to manage its operations effectively.<\/span><\/p>\n<p><b>Bottom Line<\/b><\/p>\n<p><span style=\"font-weight: 400;\">RIVN has made significant strides in establishing itself as a major player in the EV industry. The company\u2019s infrastructure supports its ambitious production targets, and the introduction of new product lines like R2 and R3 showcases its commitment to innovation and market expansion. These moves can potentially drive higher sales volumes and enhance its competitive edge.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, Rivian faces substantial challenges, particularly in achieving profitability. Despite generating decent revenue, the company\u2019s cost of sales has resulted in significant losses, raising questions about the sustainability of its business model. The company\u2019s cash burn is a pressing concern.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While Rivian has shown promise in its technological advancements and product offerings, its path to profitability and long-term viability hinges on its ability to address its cost structure, manage cash flow effectively, and navigate a challenging macroeconomic environment in the EV industry, including high interest rates, supply chain disruptions, and intensified competition.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, it\u2019s crucial to emphasize that investors should focus on Rivian\u2019s execution toward profitability in 2024. While a shift from losses to profits is significant, consistent progress toward that turning point will determine Rivian\u2019s potential to match Tesla\u2019s success. Investors should also closely monitor Rivian\u2019s efforts to improve operational efficiency and manage costs effectively.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If Rivian can demonstrate steady progress toward profitability, there\u2019s still a chance it could match its rival Tesla\u2019s some of the success achieved. However, given its massive losses, alarming cash burn, and an uncertain outlook, it could be wise to approach RIVN with caution for now.<\/span><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Tesla, Inc. (TSLA) accomplished what many believed to be an impossible feat by establishing itself as a prominent electric vehicle (EV) manufacturer entirely from scratch. This achievement positioned Tesla to challenge and compete with major players in the automotive industry. Rivian Automotive, Inc. (RIVN) shares similar aspirations, aspiring to emulate TSLA\u2019s success. However, investors eagerly [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[33857,33858,33855,33852,32226,32139,33853,33850,33851,33849,33856,33854,32225,32433,4754],"class_list":["post-59366","post","type-post","status-publish","format-standard","hentry","category-general","tag-232-vehicles","tag-a-milestone-the-company-reached-in-2020","tag-and-r3x-product-lines","tag-could-face-the-risk-of-bankruptcy-within-six-quarters","tag-inc-rivn","tag-inc-tsla","tag-introduced-r2","tag-laid-off-about-6-of-its-workforce","tag-lay-off-10-of-its-salaried-workers","tag-pausing-the-construction-of-its-5-billion-manufacturing-plant","tag-produced-57","tag-r3","tag-rivian-automotive","tag-said","tag-tesla"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rivian (RIVN) vs. Tesla (TSLA): Can the EV Underdog Match the Giant&#039;s Success Story? - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"description\" content=\"As Rivian (RIVN) vies to replicate Tesla\u2019s (TSLA) success, let\u2019s dive deep into its strides, challenges, and prospects in the EV industry, with a critical eye on financial performance and the macroeconomic landscape shaping its journey in 2024. Read more\u2026\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rivian (RIVN) vs. Tesla (TSLA): Can the EV Underdog Match the Giant&#039;s Success Story? - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"As Rivian (RIVN) vies to replicate Tesla\u2019s (TSLA) success, let\u2019s dive deep into its strides, challenges, and prospects in the EV industry, with a critical eye on financial performance and the macroeconomic landscape shaping its journey in 2024. Read more\u2026\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/\" \/>\n<meta property=\"og:site_name\" content=\"INO.com Trader&#039;s Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-01T10:00:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-02T17:24:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2020\/08\/Tesla.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"The INO.com Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The INO.com Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/\"},\"author\":{\"name\":\"The INO.com Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\"},\"headline\":\"Rivian (RIVN) vs. Tesla (TSLA): Can the EV Underdog Match the Giant's Success Story?\",\"datePublished\":\"2024-04-01T10:00:33+00:00\",\"dateModified\":\"2024-04-02T17:24:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/\"},\"wordCount\":1252,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"keywords\":[\"232 vehicles\",\"a milestone the company reached in 2020\",\"and R3X product lines\",\"could face the risk of bankruptcy within six quarters\",\"Inc. (RIVN)\",\"Inc. (TSLA)\",\"introduced R2\",\"laid off about 6% of its workforce\",\"lay off 10% of its salaried workers\",\"pausing the construction of its $5 billion manufacturing plant\",\"produced 57\",\"R3\",\"Rivian Automotive\",\"said\",\"tesla\"],\"articleSection\":[\"General\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/\",\"url\":\"https:\/\/www.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/\",\"name\":\"Rivian (RIVN) vs. Tesla (TSLA): Can the EV Underdog Match the Giant's Success Story? - INO.com Trader&#039;s Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#website\"},\"datePublished\":\"2024-04-01T10:00:33+00:00\",\"dateModified\":\"2024-04-02T17:24:05+00:00\",\"description\":\"As Rivian (RIVN) vies to replicate Tesla\u2019s (TSLA) success, let\u2019s dive deep into its strides, challenges, and prospects in the EV industry, with a critical eye on financial performance and the macroeconomic landscape shaping its journey in 2024. Read more\u2026\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ino.com\/blog\/#website\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"name\":\"INO.com Trader&#039;s Blog\",\"description\":\"Expert Charts, Trading Tips and Technical Analysis from INO.com\",\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ino.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\",\"name\":\"INO.com Trader&#039;s Blog\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"contentUrl\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"width\":400,\"height\":472,\"caption\":\"INO.com Trader&#039;s Blog\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/inocom\/\",\"https:\/\/www.linkedin.com\/company-beta\/1056449\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\",\"name\":\"The INO.com Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"caption\":\"The INO.com Team\"},\"url\":\"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Rivian (RIVN) vs. Tesla (TSLA): Can the EV Underdog Match the Giant's Success Story? - INO.com Trader&#039;s Blog","description":"As Rivian (RIVN) vies to replicate Tesla\u2019s (TSLA) success, let\u2019s dive deep into its strides, challenges, and prospects in the EV industry, with a critical eye on financial performance and the macroeconomic landscape shaping its journey in 2024. Read more\u2026","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/","og_locale":"en_US","og_type":"article","og_title":"Rivian (RIVN) vs. Tesla (TSLA): Can the EV Underdog Match the Giant's Success Story? - INO.com Trader&#039;s Blog","og_description":"As Rivian (RIVN) vies to replicate Tesla\u2019s (TSLA) success, let\u2019s dive deep into its strides, challenges, and prospects in the EV industry, with a critical eye on financial performance and the macroeconomic landscape shaping its journey in 2024. Read more\u2026","og_url":"https:\/\/www.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/","og_site_name":"INO.com Trader&#039;s Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2024-04-01T10:00:33+00:00","article_modified_time":"2024-04-02T17:24:05+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2020\/08\/Tesla.jpg","type":"image\/jpeg"}],"author":"The INO.com Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The INO.com Team","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/#article","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/"},"author":{"name":"The INO.com Team","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280"},"headline":"Rivian (RIVN) vs. Tesla (TSLA): Can the EV Underdog Match the Giant's Success Story?","datePublished":"2024-04-01T10:00:33+00:00","dateModified":"2024-04-02T17:24:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/"},"wordCount":1252,"commentCount":0,"publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"keywords":["232 vehicles","a milestone the company reached in 2020","and R3X product lines","could face the risk of bankruptcy within six quarters","Inc. (RIVN)","Inc. (TSLA)","introduced R2","laid off about 6% of its workforce","lay off 10% of its salaried workers","pausing the construction of its $5 billion manufacturing plant","produced 57","R3","Rivian Automotive","said","tesla"],"articleSection":["General"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/","url":"https:\/\/www.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/","name":"Rivian (RIVN) vs. Tesla (TSLA): Can the EV Underdog Match the Giant's Success Story? - INO.com Trader&#039;s Blog","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/#website"},"datePublished":"2024-04-01T10:00:33+00:00","dateModified":"2024-04-02T17:24:05+00:00","description":"As Rivian (RIVN) vies to replicate Tesla\u2019s (TSLA) success, let\u2019s dive deep into its strides, challenges, and prospects in the EV industry, with a critical eye on financial performance and the macroeconomic landscape shaping its journey in 2024. Read more\u2026","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ino.com\/blog\/2024\/04\/rivian-rivn-vs-tesla-tsla-can-the-ev-underdog-match-the-giants-success-story\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ino.com\/blog\/#website","url":"https:\/\/www.ino.com\/blog\/","name":"INO.com Trader&#039;s Blog","description":"Expert Charts, Trading Tips and Technical Analysis from INO.com","publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ino.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ino.com\/blog\/#organization","name":"INO.com Trader&#039;s Blog","url":"https:\/\/www.ino.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","contentUrl":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","width":400,"height":472,"caption":"INO.com Trader&#039;s Blog"},"image":{"@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/inocom\/","https:\/\/www.linkedin.com\/company-beta\/1056449\/"]},{"@type":"Person","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280","name":"The INO.com Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","caption":"The INO.com Team"},"url":"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/"}]}},"_links":{"self":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/59366"}],"collection":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/comments?post=59366"}],"version-history":[{"count":0,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/59366\/revisions"}],"wp:attachment":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media?parent=59366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/categories?post=59366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/tags?post=59366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}